10.1.20 October and the Fourth Quarter in Six Charts
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February.” Mark Twain
After a historic 60% rally, stocks pulled back in September before a late month bounce. In the end, the S&P 500 Index fell 3.9%, but was still up a very impressive 8.5% for the historically weak third quarter. As we noted three months ago after the S&P 500 gained 20% in the second quarter, continued strength was likely, and it played out well once again.
The good news? A big third quart
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